Is Student Loan Forgiveness Taxable In 2022? It's Complicated.

In other words, the amount of the cancelled debt could be treated as if the borrower “earned” that sum in income during the prior tax year, resulting in additional income taxes. For large forgiven balances, this can potentially result in a hefty tax bill.

source https://www.forbes.com/sites/adamminsky/2022/02/10/is-student-loan-forgiveness-taxable-in-2022-its-complicated/